Causes and Effects of Rising Agricultural Prices

Archive Report

Causes and Effects of Rising Agricultural Prices

Extent of the Increase in Prices

Notable increases In the prices of many agricultural products during recent weeks, coming on the heels of three years of depression, have materially strengthened the position of the American farmer and should have important political and economic effects, if prices continue at or near their July peaks.

The extent of the increases in the prices of wheat, corn, oats and hogs in the Chicago market is shown in the following table, which gives the highs and lows on standard grades at cash sales for the calendar year 1924 to date, and the average prices prevailing during July, 1923.

Wheat
No. 2 Hard At Chicago
1924High (July)$1.36July average 1923$.99
Low (Apr.)1.04

At the July peaks in prices of the above ...

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